The European Central Bank (ECB) remains skeptical of Bitcoin despite the approval of eleven spot BTC Exchange-Traded Fund (ETF) applications by the United States Securities and Exchange Commission (SEC) on January 10, likening them to “naked emperor’s new clothes.”

On February 22nd, Ulrich Bindseil, the Director General overseeing the Market Infrastructure and Payments division at the ECB, along with Jürgen Schaaf, an advisor within the same division, penned an article featured on the ECB’s official blog.

ECB on Bitcoin ETFs: “Naked Emperor’s New Clothes”

The title of the blog post by ECB is “ETF approval for Bitcoin—the naked emperor’s new clothes.” The officials…

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